Villiers tried to "draw him" on the matter of the idle motor-cars, but the baronet avoided the subject adroitly yet without any suspicion of awkwardness, and the conversation drifted through the merits of No. 6 shot for rabbit-shooting and the prospects of next year's yachting to a discussion on heavier versus lighter-than-air machines.

"Suppose we make tracks for the smoking-room?" suggested Sir Hugh, when lunch was finished.

The smoking-room was cosily furnished in old oak, and like the rest of the rooms on the ground floor the windows were heavily barred. There were also steel shutters, opening and folding inwards against the sides of the deep window-recesses. Both bars and shutters were unmistakably recent additions.

The baronet motioned to his guests to seat themselves, and handed cigarettes. Then placing the attaché-case on the table he took up his position on the hearthrug, leaning against the carved mantelpiece.

"Now to business," he began abruptly. "I'm not asking for recruits for a filibustering expedition, piracy, or any of that sort of work. I'm taking on a speculative but above-board deal, which will involve hard work, peril, and perhaps losing the number of your mess. I believe you, Claverhouse, would term the latter contingency 'Going West', but you know what I mean. Briefly, I hope to fish up a million and a half in bullion and specie, the principal part of the cargo of a ship sunk by von Spee's squadron somewhere in the Pacific. I know where that somewhere is; the exact position is recorded in a document lying in that attaché-case. Incidentally, I have good reason to believe that this morning's little affair was promoted by a clever scoundrel who is particularly anxious to obtain the secret and to see me safely out of the way. Those bars and shutters, which I noticed that you were admiring just now, are part of the defensive scheme; so you see, apart from the mere excitement of treasure-hunting, there is a subsidiary stratum of danger to add to the zest of the prospectors."

"That sounds promising, Sir Hugh," observed Villiers.

"And as to terms," continued the baronet. "Each member of the expedition—I propose to bring up the number to fifteen or eighteen—will be required to contribute two hundred and fifty pounds towards the cost. I will find the balance. Meals and quarters will be provided free, but there will be no guarantee that each member's capital will be returned. It won't even be secured. If, as I expect, the venture is a success, half the profit will be divided between my assistants plus their two hundred and fifty pounds, while I have the rest of the proceeds. Now, have you any remarks?"

"Seems quite O.K.," replied Claverhouse. "After all's said, two hundred and fifty pounds isn't much for a twelvemonth's travel with board and lodging thrown in, as we remarked when we saw your advertisement."

"There's more than that," said Sir Hugh. "The stake makes every man take the keenest interest in the work. He realizes that it's up to him to do his level best for his comrades and himself. I could, of course, engage a professional crew, but nowadays one can't depend upon paid labour whether ashore or afloat. This railway strike, for example, although the way the Government's tackling it was a complete surprise."

"We volunteered," remarked Villiers, "either for road or marine transport, but we were three amongst thousands and didn't have a sniff in. Motor jobs all snapped up and only a few fellows required for marine work."